The New York Times Company (NYSE:NYT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

The New York Times Company (NYSE:NYT) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $83.2222.

NYT has been the subject of a number of recent analyst reports. Evercore reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of New York Times in a research report on Thursday, May 7th. Zacks Research upgraded New York Times from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a report on Friday, July 17th. JPMorgan Chase & Co. increased their price target on New York Times from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Finally, Morgan Stanley set a $90.00 price target on New York Times in a report on Thursday, May 7th.

Insider Transactions at New York Times

In related news, EVP William Bardeen sold 4,121 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $77.85, for a total transaction of $320,819.85. Following the completion of the sale, the executive vice president owned 14,560 shares in the company, valued at approximately $1,133,496. This trade represents a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jacqueline M. Welch sold 4,000 shares of New York Times stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total transaction of $296,560.00. Following the completion of the sale, the executive vice president directly owned 23,873 shares in the company, valued at approximately $1,769,944.22. This represents a 14.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,121 shares of company stock worth $1,310,920 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On New York Times

Several large investors have recently modified their holdings of NYT. Berkshire Hathaway Inc bought a new position in shares of New York Times during the 4th quarter worth $351,664,000. Bank of Montreal Can lifted its holdings in New York Times by 10,018.3% during the fourth quarter. Bank of Montreal Can now owns 2,316,172 shares of the company’s stock valued at $160,789,000 after purchasing an additional 2,293,281 shares during the last quarter. AQR Capital Management LLC lifted its holdings in New York Times by 78.1% during the second quarter. AQR Capital Management LLC now owns 4,187,888 shares of the company’s stock valued at $233,265,000 after purchasing an additional 1,836,788 shares during the last quarter. Egerton Capital UK LLP bought a new position in New York Times during the fourth quarter worth about $97,882,000. Finally, Two Sigma Investments LP boosted its position in New York Times by 98.5% during the third quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock worth $117,993,000 after purchasing an additional 1,020,031 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Trending Headlines about New York Times

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: NYT is publishing extensive coverage of high-interest events, including the expanding Iran conflict, Russia’s attacks on Ukraine, migration into Spain’s Ceuta territory, U.S. politics and artificial-intelligence risks. Such breaking-news and explanatory coverage can support traffic, subscriptions and engagement, although the articles do not disclose a measurable financial impact. Iran War Live Updates
• Neutral Sentiment: The company’s broad mix of politics, international affairs, science, culture and lifestyle journalism reinforces the value of its subscription bundle. However, the supplied articles contain no new subscriber, advertising or guidance figures, limiting their immediate importance for valuation.
• Neutral Sentiment: Coverage of rising artificial-intelligence spending and an possible venture-capital bubble highlights both the opportunity and uncertainty facing digital media companies. AI could improve products and efficiency, but it may also intensify competition for audience attention and increase technology costs. In Silicon Valley, Some Say an A.I. Bubble Would Be Just Fine
• Negative Sentiment: The report that the economy is slowing is a potential concern for advertising demand, even though NYT’s subscription-led model may reduce its exposure relative to traditional broadcasters and newspapers. The Economy Slows
• Negative Sentiment: ABC’s formal dispute with the F.C.C. over television-license reviews underscores heightened regulatory and political pressure on U.S. media companies. The issue does not directly involve NYT, but it may contribute to a more cautious media-sector trading environment. ABC Formally Rebukes F.C.C. for Review of TV Licenses

New York Times Price Performance

NYT opened at $74.91 on Monday. New York Times has a 1 year low of $51.03 and a 1 year high of $87.10. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 32.15, a P/E/G ratio of 1.55 and a beta of 0.95. The firm’s fifty day moving average price is $73.86 and its two-hundred day moving average price is $76.25.

New York Times (NYSE:NYT) last announced its earnings results on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.49 by $0.12. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The company had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts anticipate that New York Times will post 2.93 EPS for the current year.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 8th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.2%. New York Times’s dividend payout ratio (DPR) is currently 39.48%.

About New York Times

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.